Sportsbetting Sportsbook Glossary at gamerisms

The Sportsbetting
sportsbook glossary at gamerisms is divided into 3 parts beginning with
this introduction, 3 definitions and continuing with other sport
betting terms and types of bets.
This glossary makes every effort to benefit both bettors and punters in
that wagering on sports is popular worldwide.
Several of the terms,
lingo and abbreviations originate and are recognized in the UK while
others
will be familiar to North Americans.
Examples: Bookmarker, Bookies, Punters = UK. Sports book, Bettors =
U.S./Canada.

In order to provide players with a comprehensive sports betting guide,
we have combined basic terms and lingo/jargon with specific types of
bets in alpha order.
Examples are sportsbook and sportsbetting exchanges=basic
terms; beard
and buy the rack=lingo/jargon along with Ante Post and Asian
Handicap=type of bets.

Let's begin with Sportsbetting sportsbook glossary phrases.
Sportsbetting: wagering on a team or individual sport
game.

Sportsbook: organization online or off that accepts bets
on sporting events. A sportsbook will take bets on a wide-ranging
number of options.
In order to provide sportsbetting and sportsbook services, bookmakers
or bookies request a small commission or vig on all losing bets.
The commission will range from the typical 10% to as low as 5%.
Following the posted event, the sportsbook will pay winners accordingly.
This sportsbetting sportsbook glossary offers another term that refers
to a third betting option online: Sportsbetting Exchanges:
manage wagers between gamblers directly online where players either act
as a book themselves by setting things up to earn a profit through
others or they will search for the best possible odds from another
bettor.
The exchange players are involved only with one another and not the
house. However, the exchange charges a commission of the net winnings
for each customer on each event.

Sportsbetting sportsbook
glossary: A - F

Accumulator: refers
to wagering: refers to multiple betting by making concurrent picks for
two or more sports games with the aim of pressing the winnings of the
first win on the bet for the following game each time. All picks must
win for you to then cash in on the accumulator. Also
know as Parlay betting.

Action:
betting or wagering on sports events.

Agent:
someone who sets up betting customers in return for
a commission.

Ajax: UK jargon for
Betting Tax.

All-in:
with this form of betting, no refunds are received
for scratched or withdrawn teams or participants. In the event of a
cancellation, the betting amount is refunded.

All Up: refers to
selecting wins for more than one game or event.
In order words, a single bet amount is placed on more than one result,
thus the stake and winnings of the first selection is then rolled over
into the second selection. See Accumulator.

Ante Post:
type of betting that is placed 1 or more days
before the date of the event.

Arbitrage: term
referencing a variation in odds available thereby
allowing a bettor to back both sides that results in a guaranteed win.

Asian Handicap:
basically, this method of betting
eliminates the tie or draw outcome. Thus, the player has two betting
options, win or lose, that each has close to a 50% chance of success.
The line is then created near 50% resulting in payouts close to even
money. This type of betting starts at a quarter goal and can go as high
as 2.5 or 3 goals in certain games.

Sportsbetting sportsbook
glossary: B

Backed:
specific team is said to be backed when a large
number of bets have been made.

Banker:
lingo for a high expectation of a win, a very solid
choice.

Bar Price:
term for odds of choices based on the last
quoted price.

Beard:
jargon for a runner who makes bets for others.

Beef:
disagreement over the bet result between a bookie and
the player.

Book:
term for a record of a bookmaker's bets taken for an
event and quoted odds to determine profit.

Bookie:
abbreviation for bookmaker or a person who takes
bets.

Bookmaker: certified
bookie that can legally receive bets
and give odds to bettors.

Bottle:
lingo for 2 to 1 odds bet.

Bridge-jumper:
specialized handicapper for large show bets
on favorites.

Buck: lingo for a wager
of $100 US.

Buy Price:
refers to spread or index betting.

Buy the Rack:
jargon for betting on all daily double or
other combo tickets.

Sportsbetting sportsbook
glossary: C

Canadian or
Super Yankee: lingo for combo bet of 5
selections and 26 bets.

Carpet or Tres:
terms for 3 to 1 odds bet.

Century or Ton:
jargon for £100.

Chalk:
the favorite bet.

Chalkeater:
lingo for someone who bets only on favorites.

Circled Game:
a game where betting limits are lowered,
typically because of injuries and/or weather.

Closing Line:
last list of point spreads before game/event
begins.

Combination
bet or Combo bet: a group of picks for sports
teams or horses to finish first and second in either order.

Correlated Parlay:
Correlation is a calculation in which the results of
two bets are connected. An example is 2 bets where your team pick has
the better score at half-time and then wins the game in the end. The
strategy is to wager positively in order that the first bet increases
the odds of the second bet win.

Cover:
you win by more points than you laid or lose by more
points than you had taken with a point-spread win.

Credit Betting:
term for bookie extending credit to the
bettor.

Sportsbetting sportsbook
glossary: D

Dead Heat:
sportsbetting jargon refers to individuals or
teams that finish an event or game in exactly the same place or score.
It's a tie, folks!

Dead Hit:
lingo for both bets winning.

Deposit
Betting: using monies previously deposited with
bookie to place bets.

Dime Bet:
$1000 bet.

Dividend:
lingo for pre-determined return on any bet.

Dog:
the underdog in the game.

Dog Player:
player who bets and cheers for the underdog.

Dollar Bet:
lingo for $100 bet.

Double(s):
refers to 2 bets on 2 pre-determined events or 2
parts of the same event. Double or Nothing: even-money return, you get
your original bet back.

Draw:
a tied event. If there is no draw bet offered, the
payout is between a determined number of joint winners.

Draw/No Draw: betting
that a specific game will end in a
tie or dead heat not including overtime.

Drift:
lingo for odds that get longer and to the bettors'
advantage.

Sportsbetting sportsbook
glossary: E

Each Way Bet:
2 wagers consisting of a win and place bet,
each with an equal stake. To collect, your choice must win and finish
in one of the top positions.

Even Money:
a bet where one side lays no juice or vigorish.

Exact Score:
sport bet on the specific results of the game.

Exposure:
maximum amount a sports book can lose on a game.

Sportsbetting sportsbook
glossary: F

Favorite:
bet refers to the expected winning team or
competitor, generally with the most money riding on it.

Field:
refers to all participants in an event.

First Goal:
betting on the first goal/points in a game

First Half:
sport bet on the score of the first half of the
game.

First Player
to Score: betting on the team member who
scores first in the game.

First
Quarter: sport bet on the score of the first quarter
of the game.

First to
Score: betting on the team that will score first.

Fixed Game:
illegally manipulating the final outcome of an
event.

Fixed Odds:
odds that do not change after your bet has been
placed. These odds are recorded and payouts are based on these stated
odds regardless of any changes afterwards.

Flag:
combo bet for 23 bets based on 4 selections in
different events.

Flash: refers
to changing odds displayed on tote board.

Fold:
refers to tally of selections in an accumulator.

Forecast:
bet that predicts the first and second winner of
an event.

Full cover:
jargon for all doubles, trebles and
accumulators included in selections.

Futures:
bets made today for an event that takes place at a
later date.

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